by Raghuram G. Rajan · Princeton University Press · tapa dura · ISBN 9780691146836
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«Fault Lines» is the economics essay by Raghuram G. Rajan, published by Princeton University Press in hardcover (272 pages, in English).
Rajan, one of the economists who anticipated the 2008 crisis, examines its causes: the dependence on US consumption financed by debt, inequality, and a weak social safety net. Bankers, officials, and homeowners acted rationally in response to distorted incentives; without reforms, he warns, a bigger crisis may come.
Winner of the Financial Times Business Book of the Year 2010.
For readers interested in economics, inequality, and public policy who want to understand the origins of the global financial crisis.
